Common sense and fairness has prevailed with the Coalition Government’s legislation abolishing the ill-conceived and highly destructive Road Safety Remuneration Tribunal (RSRT).

Minister for Employment, Senator the Hon Michaelia Cash said the dodgy deal done between the Transport Workers Union and the then-Labor Government should never have resulted in a situation that drove mum and dad owner-drivers off the road.

"Despite voicing their concerns and appealing for assistance, owner drivers were ignored by the Labor Party, ignored by the Greens and ignored by the TWU," Minister Cash said.

The Turnbull Government has listened and last night this Government delivered.

"In 2012, Bill Shorten created a Tribunal that threatened the livelihoods of owner-operator truck drivers. Last night the Turnbull Government scrapped this, to protect 60,000 jobs and our economy.

"We will always stand up for enterprising small businesses who dare to take a risk and invest in themselves and their families to get ahead."

Australia relies on small business operators such as the owner-drivers who are the lifeblood of our transportation industry and the backbone of our economy.

Minister for Infrastructure and Transport the Hon Darren Chester MP said the Government stood shoulder to shoulder with enterprising small business owners and acted swiftly.

"That is what you can expect from the Liberals and Nationals – we are the parties of small business and always will be," Minister Chester said.

"The money saved by abolishing the RSRT will be redirected to the National Heavy Vehicle Regulator, to work with the States and Territories to implement practical safety measures.

"This will save lives without destroying small businesses."

Mr Chester said the reasons behind heavy vehicle accidents were complex and required a modern, multifaceted approach to improve safety.

"The Coalition will direct its funding to new, targeted safety measures, including monitoring of heavy vehicles with a national network of cameras," he said.

"Rather than taking a guess on what works, our government is investing in proven techniques to reduce road trauma."